"Taxi Driver" Writer Goes Bollywood

Paul Schrader, the writer of classics "Taxi Driver" and "Raging Bull," feels that the US film market has become "barren," which is why he will write and direct the Bollywood action movie "Extreme City."

"I've been getting indie movies made for 20 years," he said. "But I take a good look around and what I see is a barren, barren place -- in terms of the financial community, in terms of audiences, in terms of distribution. It's cold out there."

In India, on the other hand, he says there are ways to gain both creative freedom and audiences.

"City" is a cross-cultural tale that will center on an American man who travels to India to help resolve a kidnapping case for his father-in-law, only to get caught up in a gangster plot.

There likely will be some musical numbers, and dialogue will be spoken in English and Hindi. Schrader is working on the script.